Compliance Unit
/kəmˈplaɪəns ˈjuːnɪt/
Definitions
- (n.) A designated organizational division responsible for ensuring adherence to legal, regulatory, and internal policy requirements within an entity.
The compliance unit conducted an audit to verify the firm's adherence to anti-money laundering laws.
Forms
- compliance unit
Related terms
See also
Commentary
Typically found in regulated industries, the compliance unit plays a crucial role in governance and risk mitigation, often staffed with legal and industry experts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.